Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 17.2 million for the fiscal year of 2019, an increase of 18% year-on-year (YoY), from SAR 14.6 million a year ealier.
The profit increase was driven by SAR 22.79 million in dividends from its affiliate Saudi Industrial Investment Co.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Operating Income | (3.17) | (3.14) | 1.0 % |
| Net Income | 14.56 | 17.17 | 18.0 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.97 | 1.14 | 18.0 % |
In Q4 2019, net profit edged down 3% YoY to SAR 9 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Operating Income | (1.04) | (1.39) | (33.4 %) |
| Net Income | 9.37 | 9.04 | (3.5 %) |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.62 | 0.60 | (3.5 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Operating Income | (0.42) | (1.39) | (227.7 %) |
| Net Income | (0.83) | 9.04 | 1192.1 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | (0.06) | 0.60 | 1192.1 % |
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